www.varchev.com

Geopolitical tensions will dominate European markets today

Rating:

12345
Loading...

We expect European indices to open overall lower after yesterday's sell-off in European stocks. According to IG the FTSE100 is expected to open around 7440, DAX around 12202 and CAC around 5339.

Focus today will be on the trade conflict between the US and Canada. The two countries will negotiate on a common agreement today, after months of no progress on reaching common grounds.

For Europe the risk remains Italy. Despite concerns over Italy, however, the fear has not spread to other financially vulnerable European countries like Spain and Greece. The effect of a crisis in Italy, however, will be severe for the whole Eurozone. Negotiations on the Italian budget are set to continue until the end of the month.

EUR/USD remained anchored around the support at 1,1583. Today we will conclusively see whether the downwards trend in the euro will reverse or continue.

Today we expect data on retail sales from the Eurozone at 12:00 Sofia time.

Source: CNBC

Original post: European markets seen lower


 Varchev Traders

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy